Stephens analyst Jeff Lick upgraded Asbury Automotive (ABG) to Overweight from Equal Weight with a price target of $277, up from $225. The firm spent the last two weeks integrating the Chambers acquisition into its model, with the work leading Stephens to conclude that the company has $35+ in 2028 EPS power based on the assets currently on its balance sheet and items under its control. The firm also believes 4Q25, 1Q26, 2Q26 represents a tough stretch for auto dealers and original equipment manufacturers.
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